San Diego appreciation rates and housing market information

San Diego housing market information

With a population of 1,223,341, 469,756 total housing units (homes and apartments), and a median house value of $451,826, real estate costs in San Diego are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

single-family detached homes are the single most common housing type in San Diego, accounting for 46.68% of the city's housing units. Other types of housing that are prevalent in San Diego include large apartment complexes or high rise apartments (33.26%), row houses and other attached homes (9.74%), duplexes, homes converted to apartments, or other small apartment buildings (8.94%), and a few mobile homes or trailers (1.25%).

People in San Diego primarily live in small (one, two, or no bedroom) single-family detached homes. San Diego has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in San Diego built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in San Diego built from 1940-1969 (36.46%). A lesser amount of the housing stock also hails from 1939 and earlier (7.69%), and some were built from 1995 and later (7.69%).

San Diego home appreciation rates

Appreciation rates for homes in San Diego have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 100.63%, which ranks in the top 20% nationwide. This equates to an annual average San Diego house appreciation rate of 10.06%.

Over the last year, San Diego appreciation rates have trailed the rest of the nation. In the last twelve months, San Diego's appreciation rate has been -13.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in San Diego were at 0.09%, which equates to an annual appreciation rate of 0.36%.

Relative to California, our data show that San Diego's latest annual appreciation rate is higher than 62% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within San Diego differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in San Diego - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best San Diego real estate investment or home purchase decisions.